Healthcare sector comment – June 2012

Date

1 Julho 2012

June saw the completion of 17 transactions.

One deal that stood out this month was Accord Group’s acquisition of Nottingham-based Direct Health Group in a deal which will lead to the creation of 2,000 jobs over the next three years. This is a natural extension to Accord’s health and social care business, and will see the housing group double its health and social care turnover, and providing around 3.5 million hours of home-based and residential care each year.

Also this month, private equity firm Bowmark Capital acquired Care Fertility Group, one of Britain’s largest IVF clinics, from General Healthcare Group for an estimated £60m. It is likely that General Healthcare Group, a UK private hospital operator, would use some of the sale proceeds to pay down its net debt, which stands at £2.3 billion.

Deals

Heritage Care Ltd acquired Home Support Staffordshire Ltd for an undisclosed amount. Heritage Care is a charity providing care and support. Home Support Staffordshire is a personal care and practical support services company.

United Drug Plc acquired Watermeadow Medical Ltd for a consideration of £13m. United Drug is a healthcare services company specialising in the areas of healthcare supply chain, sales & marketing and medical packaging. Watermeadow Medical is a medical communications company.

McCann Healthcare Worldwide acquired Double Helix Bio-Technology Development Ltd for an undisclosed amount. McCann Healthcare is a company engaged in healthcare communications network. Double Helix Bio-Technology Development is a global provider of market research and market access services to the pharmaceutical and medical device industries.

The European Bank for Reconstruction and Development, UFG Private Equity and CapMan Plc acquired KDL Group for an undisclosed amount. KDL Group is a company specialised in medical laboratory diagnostics.

OMERS Private Equity Inc acquired Lifeways Community Care Ltd for a consideration of £210m. OMERS Private Equity is a private equity firm. Lifeways Community Care is a provider of supported living services for adults with learning disabilities.

Sectra AB acquired Burnbank Systems Ltd and its subsidiary Burnbank Healthsystems Ltd for a consideration of £8m. Sectra is a provider of medical systems and secure communication systems. Burnbank Systems is an IT support company and Burnbank Healthsystems is a healthcare software developer.

ConvaTec Inc acquired Trio Healthcare International Ltd for an undisclosed amount. ConvaTec is a provider of ostomy care and advanced wound care products and services. Trio Healthcare is a manufacturer of accessory products for ostomy care.